Goods & Services
Buyers & Sellers
Supply & Demand
Resources
Currency
100
Which is it, good or service?

Someone cuts your hair

Service
100
Melissa and her mom went shopping to get a new book. They are called this...
Buyers
100
Tell which word finishes this sentence: 

When an ice storm destroyed the tomato crop, there was a low ______ of tomatoes at the grocery store.

supply
100
Name a natural resource
Trees, water, wind, the sun, etc.
100
Money comes in these two forms
Paper bills and coins
200
Which is it: good or service?

You buy a video game at Target

Good
200
Chloe owns the bookstore Melissa and her mom went to. Chloe is called this....
Seller
200
Tell which word finishes the sentence: ______ is how many people want goods and services.
Demand
200
Name a human resource at a school.
Teacher, principal, janitor, teacher's aide, etc.
200
The name of the U.S. President on the $1 bill
George Washington
300
Which is it: good or service?

You buy a stamp at the post office

Good
300
True or False

You cannot be both a buyer and a seller.

False
300
A store has too many stuffed animals. It should ________ because the demand is low.
Lower the prices
300
Lawyers, doctors, teachers, and writers do this kind of work.
Mental work
300
Paper currencies in the U.S. and Canada are called this
Dollars
400
Buying goods from local stores instead of online helps your community's ____________.
Economy
400
You want to go to a friend's house after school, but your family is planning to go out to eat. You choose your friend. The name for giving up going out to eat with your family is this....
Opportunity cost
400
A shortage of a good or service is called this.
Scarcity
400
Name a capital resource used at school.
Computer, books, pencils, etc.
400
Mexico's paper currency is called this
Centavos
500
Name a service and a good you would pay for at a restaurant.
Example: Service- waiter/waitress serving you food, cook making food for you, etc.

Good - the drink, food, or dessert you buy

500
What is something a farmer might worry about if there is bad weather on the day he goes to market?
There won't be enough buyers to buy his goods, he might have to charge lower prices, etc.
500
If watermelons were in high demand, this would happen.
The price will increase.
500
Describe a way that technology has changed the way we buy things.
Apps, barcodes on products, online shopping, etc.
500
Name at least 3 of the 4 characteristics of currency.
It is recognizable, durable, portable, and divisible.
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